Borrow to Buy

Disposal of Army & Navy surplus property abroad is going so badly that the U.S. has decided to lend foreign governments the money to buy it. So the Foreign Liquidation Commission reluctantly admitted last week. Already being discussed are 3O-year loans totaling $210 million: $100 million to Russia, $50 million each to Poland and Czechoslovakia, $10 million to Finland. Specifically for the purchase of surplus, they would be apart from the big overall U.S. loans now being discussed (see INTERNATIONAL).

FLC (which handles the sale of foreign surplus) had tried to sell...

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